The natural gas-fired Combined Heat and Power (CHP) Plant at Sheikh Najjar Industrial City in Aleppo represents one of the strategic industrial infrastructure projects currently under development. The project aims to provide a reliable and stable source of electrical and thermal energy for industrial facilities operating within the industrial city.
The project targets a total generation capacity of up to 250 MW, with the flexibility for phased implementation and expansion from the currently licensed capacity toward full project capacity. The project is structured around a long-term Build-Own-Operate (BOO) model, with energy sold directly to industrial consumers through long-term private Power Purchase Agreements (Private PPAs).
The project is designed to address growing energy demand across the industrial sector, reduce dependence on the public electricity grid, and improve production continuity within one of Syria’s most important industrial zones.
Kayan Holding Group leads the investment and development of the project in partnership with the Qatari Syrian Holding Company, which brings together a consortium of Qatari, Syrian, and Turkish companies.
The partnership supports the development of the project’s investment, technical, contractual, and financing structure as it progresses toward implementation.
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The planned project scope includes the development, construction, and commissioning of a natural gas-fired Combined Heat and Power (CHP) plant with a targeted capacity of 250 MW at Sheikh Najjar Industrial City, together with the required technical facilities, utilities, and interconnection systems.
The main project components include:
The development scope also covers studies and engineering design, civil works, procurement, installation, testing, and commissioning through to commercial operation and maintenance, in accordance with the applicable approvals and contractual arrangements.
Strong Industrial Energy Demand
The project addresses a critical gap in the availability of reliable electricity and thermal energy for the industrial sector within a market experiencing growing demand for stable and directly supplied energy solutions. This supports production continuity and improves industrial efficiency.
Stable Long-Term Revenue Generation
The project’s commercial model is based on long-term Private Power Purchase Agreements (Private PPAs) with industrial consumers, providing greater revenue visibility, supporting stable cash flows, and reducing market and collection risks.
Diversified Revenue Streams
The project provides a multi-source revenue model through electricity sales, together with the potential sale of thermal energy and industrial steam to industrial facilities, enhancing overall economic efficiency and strengthening operating returns.
High Technical & Operational Efficiency
The plant is based on high-efficiency Combined Heat and Power (CHP) technology supported by industrial gas turbines. This enables more efficient fuel utilization, reduces energy losses, and improves operational performance compared with conventional power generation systems.
Advanced Regulatory & Commercial Readiness
The project has achieved an advanced level of readiness through the completion of key regulatory arrangements and the establishment of a contractual framework with the industrial city for energy sales within an organized industrial operating model.
Scalable & Financeable Structure
The project provides significant flexibility in its investment and financing structure, including the potential establishment of a Special Purpose Vehicle (SPV), with opportunities to engage EPC+F partners and strategic financiers to support project development, implementation, and future expansion phases.
The project represents a strategic opportunity to participate in Syria’s industrial energy sector within a market experiencing increasing demand for reliable and sustainable long-term energy solutions.
The project combines strong industrial demand, advanced regulatory and commercial readiness, and a financeable project structure, creating an investment platform for strategic partners, financiers, EPC+F partners, and specialized development and implementation companies.
The investment opportunity provides the potential to participate in the development of a scalable industrial energy facility based on a long-term operating model, with the potential to generate stable and sustainable operating cash flows through the sale of electricity and thermal energy to industrial consumers.
Beyond its direct investment potential, the project is expected to contribute to industrial recovery, improve production stability, and strengthen the competitiveness of the industrial sector in Aleppo.
For more details and inofrmation
The 250 MW Sheikh Najjar Combined Heat and Power (CHP) Plant Project represents a strategic opportunity to support Aleppo’s industrial base through the development of an energy source designed to enhance production continuity and improve resource efficiency.
Kayan Holding Group is advancing the project and developing its technical, contractual, and financing foundations toward a sustainable operating structure capable of meeting the energy requirements of industrial facilities and supporting their future expansion.
By strengthening energy reliability for the industrial sector, the project aims to enhance the investment attractiveness of Sheikh Najjar Industrial City while contributing to the revitalization of the local economy.
